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Jan 23, 2013
01/13
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they put the cuts in front and debt ceiling behind it. it is not like we've dealt with this debt ceiling problem. we have to deal with it come may. do i really think the market will have this big reaction as a result of this? i don't think so. i think the market is anticip e anticipati anticipating, which is why we have scent market move higher, right? testing this psychologically. i think what is really going to pierce that is what happens with apple. everyone is just sitting on their chair waiting on apple and so as you get some sense. listen, google had great numberes. but market is not taking off as a result of that, right? >> no, but it is also not selling off. transports are still higher as well. that confirms -- >> that all confirms. now we wait on apple. we will see if we tested pierce 1500. i think if we get to 1500 psychologically, it certainly means something. it will get the momentum and jumps on board. but i think in the end, that the debt ceiling cuts will continue to just cap a little bit. but not saying we will collapse at
they put the cuts in front and debt ceiling behind it. it is not like we've dealt with this debt ceiling problem. we have to deal with it come may. do i really think the market will have this big reaction as a result of this? i don't think so. i think the market is anticip e anticipati anticipating, which is why we have scent market move higher, right? testing this psychologically. i think what is really going to pierce that is what happens with apple. everyone is just sitting on their chair...
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Jan 23, 2013
01/13
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KQEH
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60, 90, or 100 days, we're going to again have the same kind of conversation about the debt ceiling, you will continue to have this sort of spike in policy uncertainty. you will continue to undermine the private sector. you will continue to delay investment and to reduce employment relative to what it would be otherwise. >> reporter: the debt ceiling extension would allow the treasury to pay the nation's bills through at least may 19. darren gersh, "n.b.r.," washington >> tom: the u.s. housing market had a quiet end to its best year since 2007. sales of existing homes fell unexpectedly in december by 1% down to a 4.94 million annual rate. analysts note the drop in sales is not entirely bad news because there were fewer homes on the market. inventories are at their lowest level in seven and a half years. sales were up in the northeast and western u.s. while they fell in the midwest and south. for the entire year, existing home sales saw their best year since 2007. >> tom: julia coronado is the chief economist of north america, and she joins us from new york. julia, how much more do yo
60, 90, or 100 days, we're going to again have the same kind of conversation about the debt ceiling, you will continue to have this sort of spike in policy uncertainty. you will continue to undermine the private sector. you will continue to delay investment and to reduce employment relative to what it would be otherwise. >> reporter: the debt ceiling extension would allow the treasury to pay the nation's bills through at least may 19. darren gersh, "n.b.r.," washington >>...
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Jan 23, 2013
01/13
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ceiling to the floor, which means they have decided once again to play partisan politics with the debt ceiling. this is a bad idea. this is not the way a mature governing body ought to behave. we ought to do our job. next month, the united states will hit the debt ceiling. without action the united states will default on its debts. the last time the republican leadership played this dangerous game with economic russian roulette, they threatened the full faith and credit of the united states for the first time in our history. for some reason they seem hell-bent on doing it again. we need to be clear about one thing, the debt limit is not about new spending. it's not about increasing the deficit. the debt limit is simply the way congress pays for things that we have already bought. things like the wars in iraq and afghanistan. by the way, my friends on the other side continue to insist we don't pay for, just goes on our credit card. things like the medicare prescription drug benefit that was not paid for that my friends on the other side of the aisle championed. things that the republica
ceiling to the floor, which means they have decided once again to play partisan politics with the debt ceiling. this is a bad idea. this is not the way a mature governing body ought to behave. we ought to do our job. next month, the united states will hit the debt ceiling. without action the united states will default on its debts. the last time the republican leadership played this dangerous game with economic russian roulette, they threatened the full faith and credit of the united states for...
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Jan 23, 2013
01/13
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now we must negotiate the debt ceiling. high unemployment, social unrest. again, we learn from the mountain. baby steps to build confidence. >> your free ski slowly. we feel what we are doing. then we get confident and we get faster and faster. >> reporter: but economic growth seemingly won't go faster. there's always the risk in the global economy that something goes wrong. snowboarders are like central bankers. they have their own way of treading down the mountain. for bankers it means printing money. it's brutal economics. what's the secret to snowboarding? you pick up speed too quickly and you end up falling over? >> no, come on. you need to move. >> reporter: why do you like snowboarding? you go too fast, too quickly, and fall over. >> not necessarily. >> reporter: perhaps the best lesson to be learned in managing risk comes from the cross-country skier, those hearty experts of slow, steady progress taking huge amounts of energy. >> you need to be fit with the whole body, not only with parts of your body. >> you make the power around. you can slowly or
now we must negotiate the debt ceiling. high unemployment, social unrest. again, we learn from the mountain. baby steps to build confidence. >> your free ski slowly. we feel what we are doing. then we get confident and we get faster and faster. >> reporter: but economic growth seemingly won't go faster. there's always the risk in the global economy that something goes wrong. snowboarders are like central bankers. they have their own way of treading down the mountain. for bankers it...
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Jan 23, 2013
01/13
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nobody put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011 and the way i fear it is placed on the table again. it was a big mistake in 2011 to create this uncertainty and fear around the world and it is a big mistake to do it again today. >> what any good-thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending? what would their reasoning be certainly not to embarrass the united states of america? >> i have no idea. but i can tell you -- >> if you don't have any, maybe it is to defeat the objectives that this president, at whatever cost some so-call leaders have said. they want to stop this president and they were unsuccessful in that measure. maybe they decided to change tactics and maybe this discussion is unnecessary and we find some other way to get a hand on the deficit. let me thank you to your contribution to this conversation as you have so many times before. i yield back my time. >> thank you, mr. johnson is
nobody put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011 and the way i fear it is placed on the table again. it was a big mistake in 2011 to create this uncertainty and fear around the world and it is a big mistake to do it again today. >> what any good-thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending? what would their reasoning be certainly not to embarrass the united...
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Jan 23, 2013
01/13
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right now they would rather have a fight over the debt ceiling. i don't have a problem with that. i need to hear that commitment and what we've been asking and they're going to be asked again today at the conference meeting to make the commitment that we're going be on a path to balance in ten years. and if they're willing to fight with us on that, i think i can stand for that. >> thank you. we talked a lot about the 10-year balance -- [inaudible] what specifically does that mean. replace the cuts with other cuts or are they just going let the sequester take effect? what is your understanding? >> the number is 9 eu7 with the -- 9874 with the sequester. it's sticking to that number letting the sequester take effect or replacing the, you know, the cuts and military and other programs. with other cuts that cut us to 974. it's stick to the 974 number, which i believe was the roc number last year in our budget. if we can get the democrats to agree with us doing the reform or manned story programs, we're willing to shift some of that to mandatory. >> an
right now they would rather have a fight over the debt ceiling. i don't have a problem with that. i need to hear that commitment and what we've been asking and they're going to be asked again today at the conference meeting to make the commitment that we're going be on a path to balance in ten years. and if they're willing to fight with us on that, i think i can stand for that. >> thank you. we talked a lot about the 10-year balance -- [inaudible] what specifically does that mean. replace...
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Jan 23, 2013
01/13
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KRON
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tulsa and gears up to vote on a temporary debt ceiling height. bad for the economy and jobs. >> i take it is a loser, again this is my opinion. republicans are trying to do cut stores medicare and these are automatic cuts that will happen. they do not want to look like they're trying to stop the economy from functioning. that one-stop social security. they're trying to refocus. >> what i love about this bill is that they're putting a provision in it that if they do not pass and then they will not get paid. >> they have not passed a bill of four years. we often make but as every year and they cannot begin a federal budget done. obama stated that he will get this done. maybe if they do not get paid that will get it done. >> wenner for to that would be the toyota prius hybrid it was the top-selling car in california. toyota is doing very well. toyotas and hondas seem to be the type of car that californians by. uy. the trades big three are hurting. they're not on the list. california tends to be a trend setter. they have more profits. and the reports
tulsa and gears up to vote on a temporary debt ceiling height. bad for the economy and jobs. >> i take it is a loser, again this is my opinion. republicans are trying to do cut stores medicare and these are automatic cuts that will happen. they do not want to look like they're trying to stop the economy from functioning. that one-stop social security. they're trying to refocus. >> what i love about this bill is that they're putting a provision in it that if they do not pass and then...
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Jan 23, 2013
01/13
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ceiling debate. as i said before, not everything has to be a big fight. this proposal they have in the house is that worth fighting about. so again, i think the speaker for his work in this regard. the metaclass has been telling us they don't want another crisis in this showcase send the security they deserve. senator durbin. >> thank you, mr. leader. america is suffering from confrontation fatigue. they've had enough of it. they want us to solve the problems and challenges facing our nation. they certainly don't want to see america default on its debt for the first time in its history. they don't want to see the interest rate go up on the debt we have to pay. as sharon murray can tell you, for every 1% are interest rate goes up because of confrontations and doomsday scenarios, because the american tax years $1 trillion over 10 years, $1 trillion. for this confrontation fatigue across america has led to some dramatic rethinking in the house of representatives. today the vote in the house of represent
ceiling debate. as i said before, not everything has to be a big fight. this proposal they have in the house is that worth fighting about. so again, i think the speaker for his work in this regard. the metaclass has been telling us they don't want another crisis in this showcase send the security they deserve. senator durbin. >> thank you, mr. leader. america is suffering from confrontation fatigue. they've had enough of it. they want us to solve the problems and challenges facing our...
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Jan 23, 2013
01/13
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we need to stop playing games with the debt ceiling and spend our time in energy on job creation. i supported a clean debt limit bill, however, because in this version congressional pay has been tied directly to passing a budget, it is important to ensure that the budget that is passed is responsible and protects our most vulnerable citizens. my amendment would not kill the underlying legislation. it would merely add commonsense protections to the bill for members of our armed forces, our veterans, and our seniors from the budget cutting process. anyone who supports the underlying legislation has no reason to not also support this amendment. if adopted, the debt limit would still be raised to allow the government to pay its obligations through may 19, and members of congress would still have their pay withheld if they failed to agree to a budget resolution by april 15. the amendment simply clarifies that the budget resolution protects our troops, veterans, and seniors. i recently visited the west palm beach v.a. medical center. speaking with both veterans and staff who i heard the
we need to stop playing games with the debt ceiling and spend our time in energy on job creation. i supported a clean debt limit bill, however, because in this version congressional pay has been tied directly to passing a budget, it is important to ensure that the budget that is passed is responsible and protects our most vulnerable citizens. my amendment would not kill the underlying legislation. it would merely add commonsense protections to the bill for members of our armed forces, our...
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Jan 23, 2013
01/13
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KNTV
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it does not enforce the debt ceiling. we'll be back at this in a couple of months. natalie? >> kelly o'donnell, thank you so much. >>> cnbc's courtney reagan is at the new york stock exchange for us again this morning. good morning, courtney. >> good morning, natalie. that vote that kelly o'donnell was speaking of will calm wall street jitters. they want to see that vote passed, at least until may, when we have to come up with a better solution. technology was a stock market laggard yesterday, it could prove to be a positive today, after unexpected earnings from both google and ibm. stocks will strive to hit new highs today as they home prices, united technology and the big one, apple after the close. >> we'll be watching you guys later on this afternoon. thank you so much. >>> a win in israel for prime minister benjamin netanyahu. his hard-line party will be forced to form a coalition with the other party.3 c3 gobierno de coaliciÓn, ya que >> catch -- dash cam video from mosc moscow. a warning some viewers may find this disturbing. a 2-year-old narrowly cheating death twic
it does not enforce the debt ceiling. we'll be back at this in a couple of months. natalie? >> kelly o'donnell, thank you so much. >>> cnbc's courtney reagan is at the new york stock exchange for us again this morning. good morning, courtney. >> good morning, natalie. that vote that kelly o'donnell was speaking of will calm wall street jitters. they want to see that vote passed, at least until may, when we have to come up with a better solution. technology was a stock...
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Jan 23, 2013
01/13
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while it appears we may be avoiding some of this, immediate consequences of the so-called debt ceiling debate, which i'm glad to see -- as we make some of the challenging choice, and i again want to compliment my friend, the senator from illinois, who has been as stalwart as anyone in this chamber stepping up and speaking truth about some of the choices and challenges we have to make, we are going to have to proceed at a level of spending that is less than what we've had in the past. but as we think about cutting back budgets, i think it is important to remember that behind many of these budgets, there are not just numbers, but there are incredible professionals who give their life's service to making a stronger, stronger nation. so with this tribute to jean and sandy, i commend these two great federal employees. i will, again, be down on a regular basis to celebrate federal employees throughout this congress, because too often many disparaged government in today's day and life sometimes disparage government service. but for jean vertifay, we might not have as safe a nation as we do to
while it appears we may be avoiding some of this, immediate consequences of the so-called debt ceiling debate, which i'm glad to see -- as we make some of the challenging choice, and i again want to compliment my friend, the senator from illinois, who has been as stalwart as anyone in this chamber stepping up and speaking truth about some of the choices and challenges we have to make, we are going to have to proceed at a level of spending that is less than what we've had in the past. but as we...